Please answer 10-15

10. All of the following situations below might indicate a company has a low quality of earnings except a. A lack of disclosure about guaranteed payments that were mentioned in the MD&A of the annual report. b. Maintenance costs are capitalized and then depreciated. C. Revenue is recognized when earned. d. Adoption of a different inventory method for each of the last three years. 11. The accounting equation must always balance. True False 12. In the Double Entry Accounting system each transaction must affect two or more accounts to keep the basic accounting equation in balance True False 13. Posting: a normally occurs before journalizing. b. transfers ledger transaction data to the journal c. is an optional step in the recording process d. transfers journal entries to ledger accounts. 14. A trial balance does not prove that all transactions have been recorded or that the ledger is correct True False 15. When collection is made on Accounts Receivable, a. total assets will remain the same. b. stockholders equity will increase c. total assets will increase. d. total assets will decrease